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Over six in ten SMEs in the Netherlands say that big data is not relevant for their own company’s operations. At small enterprises – employing between 10 and 20 people – this percentage is a hefty 75 per cent while about half of companies employing between 20 and 250 people believe big data is irrelevant.
ABN AMRO’s Digital Impact Fund (DIF) is teaming up with Earlybird and solarisBank to invest EUR 14 million in Germany’s CrossLend. The fund has also agreed a strategic partnership with this digital cross-border lending marketplace. The partnership should help improve access to international capital for Dutch companies.
Since its introduction two years ago, Tikkie has made it easy to repay small loans – and the timeliness of those repayments keeps improving too. 87% of Tikkie requests are repaid within a day, and 10% of repayment requests even get completed in just one minute. Convenience and speed continue to fuel the growth of ABN AMRO’s payment app, which has 3 million users by now.
Today ABN AMRO hosts an analyst lunch in London with our Chief Innovation and Technology Officer, Christian Bornfeld. In his presentation Christian Bornfeld will introduce himself and give an update on progress in IT transformation, digital and innovation.
Green Pay has scooped the most valuable prototype to come out of the 2018 Beyond Banking Days. By using Green Pay to pay for items, the product will go back into the supply chain after use, making manufacturers - and not consumers - responsible for any waste. By turning the process on its head, Green Pay's makers hope to encourage manufacturers to make more sustainable choices before going into the manufacturing process. ABN AMRO selected the R3 app from an unprecedentedly strong field of participants of no less than 56 selected teams. Together, 288 hackers spent the past 48 hours working non-stop on the bank of the future.
ABN AMRO aims to attract new IT talent by cleverly applying Augmented Reality with the introduction of The Lockdown: the world's first mobile AR escape room. In this game, players are challenged to prevent a worldwide financial meltdown. Using Augmented Reality technology, The Lockdown transforms every ordinary room into a virtual escape room. The app was presented today during TNW Conference as part of the bank’s wider recruitment campaign.
ABN AMRO has agreed a strategic partnership with Opportunity Network, an online cross-border platform providing entrepreneurs with insight into real-life opportunities for growth, acquisitions, expansion, sale etc.
ABN AMRO’s Digital Impact Fund (DIF) is acquiring a minority stake in the Dutch fintech Ockto, which specialises in helping consumers and businesses to safely collect and share personal data. Ockto makes it much easier for consumers to apply for a mortgage, for example, or oversee their financial situation. This investment means that ABN AMRO is intensifying its collaboration with Ockto, which also started up subsidiary Moneyou. It should enable Ockto to accelerate its expansion, raise its level of professionalism and possibly also scale up internationally.
Tikkie was used to send one payment request every second on average last week. At around 650,000 requests, this means a new record for ABN AMRO's payment app. Payments on and around King's Day caused a visible surge in the number of Tikkies.
The bank of the future is closer than we imagine. What will happen if we host an event where various players help give shape to the future of banking? ABN AMRO hopes that by working together we can solve challenges that some clients do not even know exist. Drawing on new perspectives will accelerate this process. On 8, 9 and 10 June, ABN AMRO will host the second Beyond Banking Days, where the bank’s building blocks will form the basis of shared learning and experimentation.
ABN AMRO's Digital Impact Fund (DIF) has seen a fivefold increase in its assets, from EUR 10 million to EUR 50 million. With this expansion, ABN AMRO's corporate venture capital fund can start looking at larger strategic investments in leading national and international fintechs.
Payment app Tikkie is going international. From today, anyone with a German bank account can use this hip and handy app to ask money back from friends and acquaintances. Marketed by ABN AMRO subsidiary Moneyou, the German version of Tikkie is nearly identical to the Dutch one.
ABN AMRO’s Digital Impact Fund (DIF) has agreed to acquire a stake in German fintech solarisBank. The investment will build on the existing relationship between ABN AMRO and solarisBank, which first began in December 2017, when ABN AMRO’s subsidiary Moneyou entered into a partnership with the Berlin-based fintech.
Most non-bank organisations who are entrusted with client funds use escrow accounts to manage those funds. In consultation with Nxchange, ABN AMRO Clearing Bank has developed an alternative based on block chain technology.
Repayment app Tikkie now has over two million unique users. That is double the figure of August 2017, when the app passed the one million users mark. With a weekly average of 440,000 payment requests, Tikkie is by far the biggest app of its kind in the Netherlands.
